Wednesday, 21 February 2018

Announcement

TRANSACT: NZO: O.G. OIL & GAS'' PARTIAL TAKEOVER OFFER IS UNCONDITIONAL

11 Jan 2018 11:12NZX
O.G. OIL & GAS'' PARTIAL TAKEOVER OFFER FOR NEW ZEALAND OIL & GAS IS
UNCONDITIONAL AND WILL COMPLETE SHORTLY

11 January 2017

O.G. Oil & Gas (Singapore) Pte. Ltd. ("OGOG") announced today that all
conditions to its partial takeover offer for New Zealand Oil & Gas Limited
("New Zealand Oil & Gas") are either satisfied or waived. OGOG will acquire
67.55% of the New Zealand Oil & Gas shares it does not already own or control
on or before Friday, 19 January 2018.

Eyal Ofer, Chairman of Ofer Global, said: "I''m absolutely delighted that the
offer has succeeded and that we can focus our energies on the future of New
Zealand Oil & Gas. We''ve always believed that the Ofer Global Group and New
Zealand Oil & Gas will make a great team. We are confident that together we
can achieve exciting things and bring real value to shareholders, to New
Zealand and to the entire region."

Alastair McGregor, Chief Executive of OGOG, said: "We started this process
four months ago because we were convinced that we could help New Zealand Oil
& Gas unlock its many great opportunities. In that time, our conviction has
only strengthened. We look forward to working with New Zealand Oil & Gas''
outstanding team and we are thrilled to have the opportunity to contribute to
the company''s bright future."

The Offer period closed on 8 January 2018. As of today, OGOG has received
acceptances for 72.581% of the fully paid ordinary shares it does not already
own or control and for 58.798% of the partly paid shares. As a result, the
acceptances in respect of the fully paid ordinary shares will be subject to
scaling in accordance with the offer document.

Payment and acquisition of shares will occur on or before Friday, 19 January
2018 in accordance with the Takeovers Code.

For further information please contact:

Senescall Akers (New Zealand / Australasia enquiries):
Barry Akers
+64 21 571 234

Brunswick Group (international enquiries):
Charlie Potter / Charles Pretzlik
+44 20 7 404 5959
End CA:00312944 For:NZO    Type:TRANSACT   Time:2018-01-11 11:12:12
Views: 100
New Zealand Oil & Gas
 0.6900 Change:
0.00
0.00%
 
Open:0.6900 
High:0.6900 
Low:0.6900 
Volume:0 
Last Traded:07/02/18 09:05:40 
Bid:0.6850 
Ask:0.6900 
52-Wk High:0.7750 
52-Wk Low:0.5800